Statement re. Press Comment

RNS Number : 1312A

Informa PLC

29 July 2008

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN  OR INTO AUSTRALIA, CANADA, JAPAN OR UNITED STATES

Informa plc

Further to today's press comment, Informa plc ('Informa') clarifies that it has received a preliminary approach from a further third party and as a result is providing access to information materials. No formal proposal has been received.

Discussions continue with Providence Equity LLP, The Carlyle Group and Hellman & Friedman and there can be no certainty to the terms of any offer nor whether any offer will be made.

A further announcement will be made in due course.

Enquiries:

Informa	Telephone: [phone]
Peter Rigby
Adam Walker
Greenhill & Co. International LLP (Financial adviser to Informa)	Telephone: [phone]
Simon Borrows
Rachel Clark
Hoare Govett (Corporate broker to Informa)	Telephone: [phone]
Paul Nicholls
Sara Hale
Merrill Lynch (Corporate broker to Informa)	Telephone: [phone]
Mark Astaire
Maitland (PR adviser to Informa)	Telephone: [phone]
William Clutterbuck

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Informa, all 'dealings' in any 'relevant securities' of Informa (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Informa, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Informa by any potential offeror or Informa, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.

 

END

 

 

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